Obligation Arca 3.75% ( FR0011124635 ) en EUR

Arca

100 % ▼

France

FR0011124635 ( en EUR )

3.75% par an ( paiement annuel )

07/10/2021 - Obligation échue

Prospectus brochure de l'obligation Arkéa FR0011124635 en EUR 3.75%, échue

100 000 EUR

750 000 000 EUR

ARK: Survival Evolved est un jeu vidéo de survie en monde ouvert où les joueurs doivent coopérer ou s'affronter pour survivre face à des dinosaures et d'autres dangers.

Un instrument obligataire notable, l'obligation portant le code ISIN FR0011124635, émise par Arkéa, a récemment fait l'objet d'un remboursement complet, marquant la conclusion de son cycle de vie financière. L'émetteur de cet instrument, Arkéa, est un groupe bancaire coopératif français reconnu pour son ancrage territorial et son offre diversifiée de services financiers, allant de la banque de détail à la gestion d'actifs, soulignant sa position d'acteur clé dans le paysage financier hexagonal. Cette émission, libellée en euros (EUR) et originaire de France, présentait un taux d'intérêt fixe de 3,75% et a été intégralement remboursée à 100% de son prix nominal. Sa taille totale s'élevait à 750 000 000 EUR, avec une taille minimale à l'achat fixée à 100 000 EUR, la rendant accessible principalement aux investisseurs institutionnels ou avertis. La fréquence de paiement des intérêts était annuelle (1 fois par an). La caractéristique la plus pertinente de cette obligation réside désormais dans le fait qu'elle est arrivée à maturité le 7 octobre 2021, et conformément à ses termes et conditions, l'obligation a été intégralement remboursée à cette date, signifiant que les investisseurs détenteurs de cet instrument ont récupéré leur capital initial, en plus des intérêts cumulés jusqu'à la date de maturité. Ce remboursement à 100% atteste de l'exécution des engagements financiers de l'émetteur envers ses créanciers.

Base Prospectus dated 2 July 2021

Arkéa Public Sector SCF
(société de crédit foncier duly licensed as a French specialised credit institution)

10,000,000,000 Euro Medium Term Note Programme

for the issue of obligations foncières and other privileged notes
Under the Euro Medium Term Note Programme (the "Programme") described in this Base Prospectus (as defined below), Arkéa
Public Sector SCF (the "Issuer"), subject to compliance with all relevant laws, regulations and directives, may from time to time
issue French law obligations foncières or German law registered notes (Namensschuldverschreibungen), as specified in the
relevant Final Terms (as defined below) (respectively, the "French law Privileged Notes" and the "German law Privileged
Notes" and together, the "Privileged Notes"), benefiting from the statutory priority right of payment (privilège) created by Article
L.513-11 of the French Code monétaire et financier (the "French Monetary and Financial Code"), as more fully described
herein.
The aggregate nominal amount of all Privileged Notes outstanding under the Programme will not at any time exceed
10,000,000,000 (or its equivalent in any other currency at the date of signing of the issue of any Privileged Notes).
This document constitutes a base prospectus (the "Base Prospectus") for the purpose of Article 8 of Regulation (EU) 2017/1129
of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to
the public or admitted to trading on a regulated market, as amended (the "Prospectus Regulation"). This Base Prospectus has
been approved by the Commission de Surveillance du Secteur Financier (the "CSSF") in its capacity as competent authority in
Luxembourg under the Luxembourg act dated 16 July 2019 relating to prospectuses for securities (loi du 16 juillet 2019 relative
aux prospectus pour valeurs mobilières) (the "Luxembourg Law") which implements the Prospectus Regulation.
The CSSF only approves this Base Prospectus as meeting the standards of completeness, comprehensibility and consistency
imposed by the Prospectus Regulation. In line with the provisions of Article 6(4) of the Luxembourg Law, the CSSF assumes no
responsibility as to the economic and financial soundness of the Privileged Notes and the quality or solvency of the Issuer and
such approval should not be considered as an endorsement of the quality of the securities that are the subject of this Base
Prospectus. Investors should make their own assessment as to the suitability of investing in the securities. This Base Prospectus
shall be valid for admission to trading of Privileged Notes on a Regulated Market and/or the offering of Privileged Notes to the
public pursuant to a non-exempt offer in accordance with the Prospectus Regulation until 2 July 2022, provided that it is completed
by any supplement, pursuant to Article 23 of the Prospectus Regulation, following the occurrence of a significant new factor, a
material mistake or a material inaccuracy relating to the information included (or incorporated by reference) in this Base
Prospectus which may affect the assessment of an investment in the Notes. The obligation to supplement this Base Prospectus in
the event of a significant new factors, material mistakes or material inaccuracies does not apply when this Base Prospectus is no
longer valid.
Application may be made to the Luxembourg Stock Exchange for French law Privileged Notes issued under the Programme
during a period of twelve (12) months after the date of the approval of this Base Prospectus to be listed on the Official List of the
Luxembourg Stock Exchange and admitted to trading on the regulated market of the Luxembourg Stock Exchange. The regulated
market of the Luxembourg Stock Exchange is a regulated market for the purposes of Directive 2014/65/EU of the European
Parliament and of the Council of 15 May 2014 on markets in financial instruments, as amended ("MiFID II"), appearing on the
list of regulated markets of the European Securities and Markets Authority (each a "Regulated Market"). French law Privileged
Notes may also be unlisted or listed or admitted to trading on any other market or stock exchange, including any other Regulated
Market of any member state of the European Economic Area ("EEA"), and/or offered to the public in France pursuant to a non-
exempt offer in accordance with the Prospectus Regulation. The relevant final terms in respect of the issue of any Privileged Notes
(the "Final Terms") will specify whether or not French law Privileged Notes will be listed or admitted to trading on any market
in any member state of the EEA (and, if so, the relevant market) and/or offered to the public in France pursuant to a non-exempt
offer. The German law Privileged Notes will not be admitted to trading nor listed on any market or stock exchange and will not
be offered to the public pursuant to a non-exempt offer in any jurisdiction. The approval by the CSSF of this Base Prospectus
is only applicable for French law Privileged Notes to be listed and/or admitted to trading on a Regulated Market and/or
offered to the public in France pursuant to a non-exempt offer, and is not relevant, in any case, for German law Privileged
Notes, as German law Privileged Notes will not be listed or admitted to trading on any market or stock exchange, nor
offered to the public pursuant to a non-exempt offer.
French law Privileged Notes may be issued either in dematerialised form ("Dematerialised Privileged Notes") or in materialised
form ("Materialised Privileged Notes") as more fully described herein. Dematerialised Privileged Notes will at all times be in
book-entry form in compliance with articles L.211-3 et seq. and R.211-1 et seq. of the French Monetary and Financial Code. No
physical documents of title will be issued in respect of the Dematerialised Privileged Notes. Dematerialised Privileged Notes may,
at the option of the Issuer, be (i) in bearer dematerialised form (au porteur) inscribed as from the issue date in the books of
Euroclear France (acting as central depositary) which shall credit the accounts of the Account Holders (as defined in section
"Terms and Conditions of the French law Privileged Notes - Form, Denomination and Title") including Euroclear Bank SA/NV
("Euroclear") and the depositary bank for Clearstream Banking, S.A. ("Clearstream"), or (ii) in registered dematerialised form

(au nominatif) and, in such latter case, at the option of the relevant Noteholder (as defined in section "Terms and Conditions of
the French law Privileged Notes - Definitions"), in either fully registered dematerialised form (au nominatif pur), in which case
they will be inscribed in an account maintained by the Issuer or by a registration agent (appointed in the relevant Final Terms) for
the Issuer, or in administered registered dematerialised form (au nominatif administré) in which case they will be inscribed in the
accounts of the Account Holders designated by the relevant Noteholder.
Materialised Privileged Notes will be in bearer materialised form only and may only be issued outside France. A temporary global
certificate in bearer form without interest coupons attached (a "Temporary Global Certificate") will initially be issued in relation
to Materialised Privileged Notes. Such Temporary Global Certificate will subsequently be exchanged for definitive Materialised
Privileged Notes with, where applicable, coupons for interest or talons attached (the "Definitive Materialised Privileged Notes"),
on or after a date expected to be on or about the fortieth (40th) calendar day after the issue date of the French law Privileged Notes
(subject to postponement as described in section "Temporary Global Certificate in respect of Materialised Privileged Notes")
upon certification as to non-U.S. beneficial ownership as more fully described herein. Temporary Global Certificates will (a) in
the case of a Tranche (as defined in section "Terms and Conditions of the French law Privileged Notes") intended to be cleared
through Euroclear and/or Clearstream, be deposited on the issue date with a common depositary for Euroclear and Clearstream,
and (b) in the case of a Tranche intended to be cleared through a clearing system other than or in addition to Euroclear and/or
Clearstream or delivered outside a clearing system, be deposited as agreed between the Issuer and the relevant Dealer(s) (as
defined below). In the case of a Tranche which is not intended to be cleared notably through Euroclear and/or Clearstream, the
French law Privileged Notes of such Tranche cannot be listed on the Official List of the Luxembourg Stock Exchange and traded
on the Regulated Market of the Luxembourg Stock Exchange.
German law Privileged Notes will be issued in materialised registered and definitive form only, as more fully described in the
amended and restated agency agreement dated the date thereof. German law Privileged Notes will not be deposited with a central
depositary and cannot be transferred or cleared via a clearing system.
Privileged Notes issued under the Programme are expected to be rated Aaa by Moody's France SAS ("Moody's" or the "Rating
Agency"). As of the date of this Base Prospectus and unless otherwise specified in the relevant Final Terms, according to Moody's
rating system, obligations rated "Aaa" are judged to be of the highest quality, subject to the lowest level of credit risk. Moody's
appends numerical modifiers 1, 2, and 3 to each generic rating classification from "Aa" through "Caa". The modifier 1 indicates
that the obligation ranks in the higher end of its generic rating category; the modifier 2 indicates a mid-range ranking; and the
modifier 3 indicates a ranking in the lower end of that generic rating category. Tranches of Privileged Notes issued under the
Programme may be rated or unrated. Where an issue of Privileged Notes is rated, the credit rating of the Privileged Notes will be
specified in the relevant Final Terms. Such rating will not necessarily be the same as the rating assigned to other Privileged Notes
issued under the Programme. As of the date of this Base Prospectus, the Rating Agency is established in the European Union,
registered under Regulation (EC) no. 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit
rating agencies, as amended (the "CRA Regulation") and included in the list published on the European Securities and Markets
Authority's website (http://www.esma.europa.eu/page/List-registered-and-certified-CRAs) in accordance with the CRA
Regulation. The Rating Agency is not established in the United Kingdom and is not registered in accordance with the CRA
Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "EUWA") (the "UK
CRA Regulation"). Where an issue of Privileged Notes is rated, the relevant Final Terms will specify if the credit rating of the
Privileged Notes has been endorsed by Moody's Investors Service Limited in accordance with the UK CRA Regulation and has
not been withdrawn. As such, the ratings issued by the Rating Agency may, as applicable, be used for regulatory purposes in the
United Kingdom in accordance with the UK CRA Regulation. A credit rating is not a recommendation to buy, sell or hold
securities and may be subject to suspension, change or withdrawal by the assigning rating agency, at any time and without prior
notice.
See section "Risk Factors" below for certain information relevant to an investment in the Privileged Notes to be issued
under the Programme.

ARRANGER AND PERMANENT DEALER
CRÉDIT AGRICOLE CIB
PERMANENT DEALER
CRÉDIT MUTUEL ARKÉA

This Base Prospectus (together with any supplement thereto that may be published from time to time)
constitutes a base prospectus for the purposes of Article 8 of the Prospectus Regulation and contains or
incorporates by reference all relevant information concerning the Issuer which is necessary to enable
investors to make an informed assessment of the assets and liabilities, financial position, profit and losses
and prospects of the Issuer, as well as the rights attaching to the French law Privileged Notes to be issued
under the Programme, the reason for the issuance of any French law Privileged Notes and its impact on the
Issuer. The terms and conditions applicable to each Tranche (as defined in section "General Description of
the Programme") not contained herein (including, without limitation, the aggregate nominal amount, issue
price, redemption price thereof, and interest, if any, payable thereunder) will be determined by the Issuer
and the relevant dealer(s) (the "Dealer(s)") at the time of the issue and will be set out in the relevant Final
Terms. References to the Dealers are to the Permanent Dealers and all persons appointed as a dealer in
respect of one (1) or more tranches of French law Privileged Notes.
This Base Prospectus is to be read and construed in conjunction with (i) any document and/or information
which is incorporated herein by reference in accordance with Article 27 of the Luxembourg Law and
Article 19 of the Prospectus Regulation (see section "Documents incorporated by Reference" below), (ii) any
supplement thereto that may be published from time to time, together with any document incorporated by
reference therein and (iii) in relation to any Tranche of Privileged Notes, the relevant Final Terms.
This Base Prospectus (together with any supplement thereto that may be published from time to time) may
only be used for the purposes for which it has been published.
No person is or has been authorised to give any information or to make any representation other than those
contained or incorporated by reference in this Base Prospectus in connection with the issue or sale of the
Privileged Notes and, if given or made, such information or representation must not be relied upon as having
been authorised by the Issuer, the Arranger or any of the Dealers. Neither the delivery of this Base
Prospectus nor any sale made in connection herewith shall, under any circumstances, create any implication
that there has been no change in the affairs of the Issuer since the date hereof or the date upon which this
Base Prospectus has been most recently supplemented or that there has been no adverse change in the
financial position of the Issuer since the date hereof or the date upon which this Base Prospectus has been
most recently supplemented or that any other information supplied in connection with the Programme is
correct as of any time subsequent to the date on which it is supplied or, if different, the date indicated in the
document containing the same.
The distribution of this Base Prospectus and the offer or sale of Privileged Notes may be restricted by law
in certain jurisdictions. The Issuer, the Arranger and the Dealers do not represent that this Base Prospectus
may be lawfully distributed, or that any Privileged Notes may be lawfully offered, in compliance with any
applicable registration or other requirements in any such jurisdiction, or pursuant to an exemption
available thereunder, or assume any responsibility for facilitating any such distribution or offering. In
particular, no action has been taken by the Issuer, the Arranger or the Dealers which is intended to permit
an offer of any Privileged Notes to the public or distribution of this Base Prospectus in any jurisdiction
where action for that purpose is required. Accordingly, no Privileged Note may be offered or sold, directly
or indirectly, and neither this Base Prospectus nor any advertisement or other offering material may be
distributed or published in any jurisdiction, except under circumstances that will result in compliance with
any applicable laws and regulations. Persons into whose possession this Base Prospectus or any Privileged
Notes may come are required by the Issuer, the Arranger and the Dealers to inform themselves of, and to
observe any such restrictions on the distribution of this Base Prospectus and the offering and sale of
Privileged Notes. In particular, there are restrictions on the distribution of this Base Prospectus and the
offer or sale of Privileged Notes in the United States of America, Japan, the United Kingdom or the EEA
(including France, Italy, the Netherlands and the Federal Republic of Germany (see section "Subscription
and Sale").
The Privileged Notes have not been and will not be registered under the United States Securities Act of 1933,
as amended (the "Securities Act") or with any securities regulatory authority of any state or other
jurisdiction of the United States of America and, subject to certain exceptions, may not be offered or sold
within the United States of America or to, or for the account or benefit of, U.S. persons as defined in
Regulation S under the Securities Act ("Regulation S"). The Privileged Notes may include Materialised
Privileged Notes in bearer form that are subject to U.S. tax law requirements. Subject to certain exceptions,
the Privileged Notes may not be offered or sold or, in the case of Materialised Privileged Notes in bearer
form, delivered within the United States of America or, in the case of certain Materialised Privileged Notes
in bearer form, to, or for the account or benefit of, United States persons as defined in the U.S. Internal
Revenue Code of 1986, as amended. The Privileged Notes are being offered and sold outside the United
States of America to non-U.S. persons in reliance on Regulation S.
3

This Base Prospectus has not been submitted to the clearance procedures of the Autorité des marchés
financiers in France.
This Base Prospectus does not constitute an offer of, or an invitation by or on behalf of the Issuer, the
Arranger or the Dealer(s) to subscribe for, or purchase, any Privileged Notes.
The Arranger and the Dealers have not separately verified the information contained or incorporated by
reference in this Base Prospectus. Neither the Arranger nor any of the Dealers makes any representation,
express or implied, or accepts any responsibility, with respect to the accuracy or completeness of any of the
information contained or incorporated by reference in this Base Prospectus. Neither this Base Prospectus
nor any other information supplied in connection with the Programme (including any information
incorporated by reference herein) is intended to provide the basis of any credit or other evaluation and
should not be considered as a recommendation by any of the Issuer, the Arranger or the Dealers that any
recipient of this Base Prospectus or any other financial statements should purchase the Privileged Notes.
Each potential investor in Privileged Notes should determine for itself the relevance of the information
contained or incorporated by reference in this Base Prospectus and its purchase of Privileged Notes should
be based upon such investigation as it deems necessary. Neither the Arranger nor any of the Dealers
undertake to review the financial or general condition of the Issuer during the life of the arrangements
contemplated by this Base Prospectus nor to advise any investor or potential investor in the Privileged Notes
of any information that may come to the attention of any of the Dealers or the Arranger. Any websites
referred to in the Base Prospectus are for information purposes only and do not form part of the Base
Prospectus.
NOTICE
Each potential investor in the Privileged Notes must determine the suitability of that investment in light of
its own circumstances. In particular, each potential investor should:
(i)
be (or be advised by) financial institutions or other professional investors who have sufficient
knowledge and experience to make a meaningful evaluation of the Privileged Notes, the merits and
risks of investing in the relevant Privileged Notes and the information contained or incorporated by
reference in this Base Prospectus or any applicable supplement to this Base Prospectus and the
relevant Final Terms;
(ii)
have access to, and knowledge of, appropriate analytical tools to evaluate, in the context of its
particular financial condition, an investment in the relevant Privileged Notes and the impact the
relevant Privileged Notes will have on its overall investment portfolio;
(iii) have sufficient financial resources and liquidity to bear all of the risks of an investment in the
Privileged Notes, including where the currency for principal or interest payments is different from
the potential investor's currency;
(iv)
understand thoroughly the terms of the relevant Privileged Notes and be familiar with the behaviour
of any relevant rates and financial markets;
(v)
be able to evaluate (either alone or with the help of a financial adviser) possible scenarios for
economic, interest rate and other factors that may affect its investment and its ability to bear the
applicable risks;
(vi)
consult its legal advisers to determine whether and to what extent (i) Privileged Notes are legal
investments for it, (ii) Privileged Notes can be used as collateral for various types of borrowing, (iii)
other restrictions apply to its purchase or pledge of any Privileged Notes and financial should consult
their legal advisors or the appropriate regulators to determine the appropriate treatment of
Privileged Notes under any applicable risk-based capital or similar rules. Neither the Issuer, the
Dealer(s) nor any of their respective affiliates has or assumes responsibility for (i) the lawfulness of
the acquisition of the Privileged Notes by a prospective investor in the Privileged Notes, whether
under the laws of the jurisdiction of its incorporation or the jurisdiction in which it operates (if
different), or (ii) compliance by that prospective investor with any law, regulation or regulatory
policy applicable to it; and
(vii) ensure that, in terms of any legislation or regulatory regime applicable to such investor, it complies
with existing restrictions (if any) on its ability to invest in Privileged Notes generally and in any
particular type of Privileged Notes.
A potential investor should not invest in Privileged Notes which are complex financial instruments unless it
has the expertise (either alone or with a financial adviser) to evaluate how the Privileged Notes will perform
under changing conditions, the resulting effects on the value of such Privileged Notes and the impact this
4

investment will have on the potential investor's overall investment portfolio.
The tax legislation of the investors' member state and of the Issuer's country of incorporation may have an
impact on the income received from the Privileged Notes.
Potential purchasers and sellers of the Privileged Notes should be aware that they may be required to pay
taxes or other documentary charges or duties in accordance with the laws and practices of the jurisdiction
where the Privileged Notes are transferred or other jurisdictions. In some jurisdictions, no official
statements of the tax authorities or court decisions may be available for financial notes such as the Privileged
Notes. Potential investors are advised to ask for their own tax adviser's advice on their individual taxation
with respect to the subscription, acquisition, disposal, sale and redemption of the Privileged Notes. Only
these advisors are in a position to duly consider the specific situation of the potential investor.
A number of member states of the European Union are currently negotiating to introduce a financial
transactions tax ("FTT") in the scope of which transactions in the Privileged Notes may fall. If the proposed
directive is adopted and implemented in local legislation, Noteholders may be exposed to increased
transaction costs with respect to financial transactions carried out with respect to the Privileged Notes and
the liquidity of the market for the Notes may be diminished. Prospective investors should consult their own
tax advisers in relation to the consequences of the FTT associated with subscribing, purchasing, holding
and disposing the Privileged Notes.
The credit ratings that may be assigned by one or more independent credit rating agencies to the Privileged
Notes may not reflect the potential impact of all risks related to structure, market, additional factors
discussed above, and other factors that may affect the value of the Privileged Notes. A credit rating is not a
recommendation to buy, sell or hold securities and may be subject to suspension, change or withdrawal by
the assigning rating agency at any time and without prior notice.
The credit ratings address, in respect of the Rating Agency, the expected loss which the investors are exposed
to in respect of the Privileged Notes.
MiFID II product governance / target market The Final Terms in respect of any Privileged Notes will
include a legend entitled "MiFID II product governance" which will outline the target market assessment
in respect of the Privileged Notes, taking into account the five (5) categories referred to in item 18 of the
Guidelines published by the European Securities and Markets Authority ("ESMA") on 5 February 2018,
and which channels for distribution of the Privileged Notes are appropriate. Any person subsequently
offering, selling or recommending the Privileged Notes (a "distributor") should take into consideration the
target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own
target market assessment in respect of the Privileged Notes (by either adopting or refining the target market
assessment) and determining appropriate distribution channels.
A determination will be made in relation to each issue about whether, for the purpose of the MiFID II
Product Governance rules under EU Delegated Directive 2017/593 (the "MiFID II Product Governance
Rules"), any Dealer subscribing for any Privileged Notes is a manufacturer as defined in MiFID II in respect
of such Privileged Notes, but otherwise neither the Arranger nor the Dealers nor any of their respective
affiliates will be a manufacturer for the purpose of the MiFID II Product Governance Rules.
UK MiFIR product governance / target market The Final Terms in respect of any Privileged Notes may
include a legend entitled "UK MiFIR product governance" which will outline the target market assessment
in respect of the Privileged Notes, taking into account the five (5) categories referred to in item 18 of the
Guidelines published by ESMA on 5 February 2018 (in accordance with the FCA's policy statement entitled
"Brexit our approach to EU non-legislative materials"), and which channels for distribution of the
Privileged Notes are appropriate. Any person subsequently offering, selling or recommending the Privileged
Notes (a "distributor") should take into consideration the target market assessment; however, a distributor
subject to the FCA Handbook Product Intervention and Product Governance Sourcebook (the "UK MiFIR
Product Governance Rules") is responsible for undertaking its own target market assessment in respect of
the Privileged Notes (by either adopting or refining the target market assessment) and determining
appropriate distribution channels.
A determination will be made in relation to each issue about whether, for the purpose of the UK MiFIR
Product Governance Rules, any Dealer subscribing for any Privileged Notes is a manufacturer in respect of
such Privileged Notes, but otherwise neither the Arranger nor the Dealers nor any of their respective
affiliates will be a manufacturer for the purpose of the UK MIFIR Product Governance Rules.
PRIIPs Regulation / prohibition of sales to EEA retail investors - If the Final Terms in respect of any
Privileged Note include a legend entitled "Prohibition of sales to EEA retail investors", the Privileged Notes
are not intended to be offered, sold or otherwise made available to and should not be offered, sold or
5

otherwise made available to any retail investor in the EEA. For these purposes, a retail investor means a
person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; (ii) a
customer within the meaning of Directive (EU) 2016/97 of the European Parliament and of the Council of
20 January 2016 on insurance distribution, as amended (the "Insurance Distribution Directive"), where
that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II;
or (iii) not a qualified investor as defined in the Prospectus Regulation. Consequently, no key information
document required by Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26
November 2014 on key information documents for packaged retail and insurance-based investment
products, as amended (the "PRIIPs Regulation") for offering or selling the Privileged Notes or otherwise
making them available to retail investors in the EEA has been prepared and therefore offering or selling
the Privileged Notes or otherwise making them available to any retail investor in the EEA may be unlawful
under the PRIIPs Regulation.
UK PRIIPs Regulation / Prohibition of sales to UK retail investors The Privileged Notes are not intended
to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made
available to any retail investor in the United Kingdom (the "UK"). For these purposes, a retail investor
means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Commission
Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing MiFID II as it forms part of domestic
law by virtue of the EUWA; or (ii) a customer within the meaning of the provisions of the Financial Services
and Markets Act 2000, as amended (the "FSMA") and any rules or regulations made under the FSMA to
implement the Insurance Distribution Directive, where that customer would not qualify as a professional
client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 of the European Parliament
and of the Council of 15 May 2014 on markets in financial instruments as it forms part of domestic law by
virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of the Prospectus Regulation as
it forms part of domestic law by virtue of the EUWA. Consequently no key information document required
by the PRIIPs Regulation as it forms part of domestic law by virtue of the EUWA (the "UK PRIIPs
Regulation") for offering or selling the Privileged Notes or otherwise making them available to retail
investors in the UK has been prepared and therefore offering or selling the Privileged Notes or otherwise
making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.
In this Base Prospectus, unless otherwise specified or the context otherwise requires, references to "Euro",
"euro", "EUR" or "" are to the lawful currency of the member states of the European Union that have
adopted the single currency in accordance with the Treaty establishing the European Community, as
amended, references to "£", "GBP", "pounds sterling" and "Sterling" are to the lawful currency of the
United Kingdom, references to "$", "USD" and "U.S. Dollar" are to the lawful currency of the United
States of America, references to "¥", "Yen", "yen" and "JPY" and are to the lawful currency of Japan and
references to "CHF" and "Swiss Francs" are to the lawful currency of the Helvetic Confederation.
6

TABLE OF CONTENTS
Page

GENERAL DESCRIPTION OF THE PROGRAMME .................................................................................... 8
RISK FACTORS ................................................................................................................................................. 16
IMPORTANT INFORMATION RELATING TO NON-EXEMPT OFFERS ............................................... 37
SUPPLEMENT TO THE BASE PROSPECTUS ............................................................................................. 39
DOCUMENTS INCORPORATED BY REFERENCE ................................................................................... 40
TERMS AND CONDITIONS OF THE FRENCH LAW PRIVILEGED NOTES ........................................ 42
TEMPORARY GLOBAL CERTIFICATES IN RESPECT OF MATERIALISED PRIVILEGED NOTES
.............................................................................................................................................................................. 78
USE OF PROCEEDS .......................................................................................................................................... 79
MAIN FEATURES OF THE LEGISLATION AND REGULATIONS RELATING TO SOCIÉTÉS DE
CRÉDIT FONCIER ............................................................................................................................................. 80
DESCRIPTION OF THE ISSUER .................................................................................................................... 84
MATERIAL CONTRACTS AND RELATIONSHIP BETWEEN ARKÉA PUBLIC SECTOR SCF AND
CRÉDIT MUTUEL ARKÉA .............................................................................................................................. 91
FORM OF FINAL TERMS ................................................................................................................................ 92
PART A CONTRACTUAL TERMS ............................................................................................................... 96
PART B - OTHER INFORMATION ................................................................................................................ 115
SUBSCRIPTION AND SALE .......................................................................................................................... 122
GENERAL INFORMATION ........................................................................................................................... 127
PERSON RESPONSIBLE FOR THE INFORMATION GIVEN IN THE BASE PROSPECTUS ........... 131
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GENERAL DESCRIPTION OF THE PROGRAMME
This section "General Description of the Programme" does not purport to be complete and is taken from, and is
qualified in its entirety by, the remainder of this Base Prospectus and, in relation to the terms and conditions of
any particular Tranche of Privileged Notes, the relevant Final Terms. The Privileged Notes will be issued on such
terms as shall be agreed between the Issuer and the relevant Dealer(s) and will be subject to the Conditions set
out in this Base Prospectus as completed by the relevant Final Terms.
This section "General Description of the Programme" constitutes a general description of the Programme for the
purposes of Article 25.1(b) of Commission Delegated Regulation (EU) 2019/980 of 14 March 2019, as amended.
It does not, and is not intended to, constitute a summary of this Base Prospectus within the meaning of Article 7 of
the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus
to be published when securities are offered to the public or admitted to trading on a regulated market, as amended
(the "Prospectus Regulation"), or any implementing regulation thereof.
Words and expressions defined in the section "Terms and Conditions of the French law Privileged Notes" below
shall have the same meanings in this general description. Unless otherwise specified, the expression "Privileged
Notes" shall include the French law Privileged Notes and the German law Privileged Notes to the extent permitted
by the terms and conditions applicable to the relevant Privileged Notes.
Issuer:
Arkéa Public Sector SCF, limited liability company (société anonyme)
incorporated under French law and société de crédit foncier duly licensed as
a French credit institution by the French Banking Authority (Autorité de
contrôle prudentiel et de résolution) on 15 November 2010. As a result of the
entry into force on 1 January 2014 of the Ordinance no. 2013-544 dated
27 June 2013 relating to credit institutions and financing companies, the
Issuer became a specialised credit institution (établissement de crédit
spécialisé) as from 1 January 2014.
Legal
Entity
Identifier
("LEI"):
9695002BGH4R9KJFC936
Arranger:
Crédit Agricole Corporate and Investment Bank.
Dealers:
Crédit Agricole Corporate and Investment Bank and Crédit Mutuel Arkéa.
The Issuer may from time to time terminate the appointment of any Dealer
under the Programme or appoint additional dealers either in respect of one (1)
or more Tranches or in respect of the whole Programme. References in this
Base Prospectus to "Permanent Dealers" are to the person referred to above
as Dealer and to such additional persons that are appointed as dealers in
respect of the whole Programme (and whose appointment has not been
terminated) and references to "Dealers" are to all Permanent Dealers and all
persons appointed as a dealer in respect of one (1) or more Tranches.
Description:
Euro Medium Term Note Programme (the "Programme") for the issue of
French law obligations foncières and German law registered notes
(Namensschuldverschreibung) (respectively, the "French law Privileged
Notes" and the "German law Privileged Notes" and together, the
"Privileged Notes") (as described herein). Under the Programme, the Issuer
may, subject to compliance with all relevant laws, regulations and directives,
from time to time, issue Privileged Notes the principal and interest of which
benefit from the statutory priority right of payment (privilège) (the
"Privilège") created by Article L.513-11 of the French Monetary and
Financial Code (for further description, see section "Main features of the
legislation and regulations relating to sociétés de crédit foncier").
Programme Limit:
Up to 10,000,000,000 (or its equivalent in any other currency at the date of

signing of the issue of any Privileged Notes) aggregate nominal amount of
Privileged Notes outstanding at any one time, or such other amount as may
be agreed from time to time between the Issuer and the Permanent Dealers.
Fiscal
Agent,
Principal
Paying Agent and Paris

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Paying Agent in respect of the
French law Privileged Notes: CACEIS Corporate Trust.
Luxembourg Paying Agent
and Luxembourg Listing
Agent in respect of the
French law Privileged Notes: CACEIS Bank, Luxembourg Branch.
Calculation Agent in respect
of the French law Privileged
Notes:
CACEIS Bank, Luxembourg Branch, unless the Final Terms provide
otherwise.

Risk Factors:
There are certain factors which the Issuer believes are specific to the Issuer
and/or the Privileged Notes and material for the purpose of assessing the
market risk associated with the Privileged Notes. Such risks may alter its
ability to fulfil its obligations under the Privileged Notes towards investors.
These are set out under the section entitled "Risk Factors" of this Base
Prospectus
Method of Issue:
The Privileged Notes may be distributed on a syndicated or non-syndicated
basis.
Series and Tranches:
The Privileged Notes will be issued in Series having one (1) or more issue
date(s). The Privileged Notes of each Series will be interchangeable with all
other Privileged Notes of that Series.
Each Series of Privileged Notes may be issued in Tranches on the same or
different issue dates and on terms identical to the terms of other Tranches of
the same Series, save in respect of the issue date, issue price, first payment of
interest and aggregate nominal amount of the Tranche. The specific terms of
each Tranche of Privileged Notes will be determined by the Issuer and the
relevant Dealer(s) at the time of the issue and will be set out in the final terms
of such Tranche (the "Final Terms").
Maturities:
Subject to compliance with all relevant laws, regulations and directives, the

Privileged Notes may have any maturity as specified in the relevant Final
Terms.
An extended Final Maturity Date may be specified in the relevant Final Terms
of a Series of Privileged Notes in accordance with the Terms and Conditions
of the French law Privileged Notes, each such Privileged Notes being referred
to as Privileged Notes with soft bullet maturity (the "Soft Bullet Privileged
Notes").
Currencies
Subject to compliance with all relevant laws, regulations and directives,

Privileged Notes may be issued in Euro, Sterling, U.S. Dollar, Yen, Swiss
Francs and in any other currency agreed between the Issuer and the relevant
Dealer(s), as set out in the relevant Final Terms. Payments in respect of
Privileged Notes may, subject to compliance with the aforesaid, be made in
any currency other than the currency in which such Privileged Notes are
denominated.
Denomination(s):
The Privileged Notes shall be issued in the Specified Denomination(s) set out

in the relevant Final Terms, save that the minimum denomination of all
French law Privileged Notes admitted to trading on a Regulated Market
and/or offered to the public to the public pursuant to a non-exempt offer in
France will be of 1,000 (or its equivalent in any other currency at the date of
the issue of such French law Privileged Notes) or such higher amount as may
be allowed or required from time to time by the relevant central bank (or
equivalent body) or any laws or regulations applicable to the relevant
Specified Currency.
Unless permitted by then current laws and regulations, Privileged Notes
(including Privileged Notes denominated in Sterling) which have a maturity
of less than one year and in respect of which the issue proceeds are to be
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accepted by the Issuer in the United Kingdom or whose issue otherwise
constitutes a contravention of section 19 of the Financial Services and
Markets Act 2000, as amended, must have a minimum redemption amount of
£100,000 (or its equivalent in any other currency at the date of the issue of
such Privileged Notes).
Dematerialised Privileged Notes shall be issued in one (1) denomination only.
Status of the Privileged
Notes:
The Privileged Notes, and, where applicable, any related Coupons and
Receipts will constitute direct, unconditional, unsubordinated and, pursuant
to the provisions relating to the Privilège described in Condition 5, privileged
obligations of the Issuer and rank and will rank pari passu without any
preference among themselves and equally and rateably with all other present
or future notes (including the Privileged Notes of all other Series) and other
resources raised by the Issuer benefiting from the Privilège (including the
German law Privileged Notes)The principal and interest of the Privileged
Notes benefit from the Privilège and the Noteholders shall benefit from all
the rights set out in Article L.513-11 of the French Monetary and Financial
Code and the Noteholders shall benefit from all the rights set out in Article
L.513-11 of the French Monetary and Financial Code. See section "Terms
and Conditions of the French law Privileged Notes - Privilège" and "Main
features of the legislation and regulations relating to sociétés de crédit
foncier".
Negative Pledge:
None.
Events of Default:
None.
Redemption Amount:
The Final Terms issued in respect of each Tranche will specify the final
redemption amounts payable.
Final Redemption:
Unless previously redeemed or purchased and cancelled as provided below
pursuant to any Issuer's or Noteholders' option in accordance with Condition
7(c) or 7(d), each Privileged Note shall be finally redeemed on the Final
Maturity Date specified in the relevant Final Terms (the "Final Maturity
Date") (or the Extended Final Maturity Date, as the case may be) specified in
the relevant Final Terms at its final redemption amount (the "Final
Redemption Amount") (which, unless otherwise provided, is its nominal
amount) or, in the case of Privileged Notes falling within Condition 7(b), its
final Instalment Amount.
An Extended Final Maturity Date may be specified in the relevant Final
Terms with respect to the soft bullet Privileged Notes in accordance with the
relevant Conditions applicable to the Privileged Notes.
Optional Redemption:
The Final Terms issued in respect of each Tranche will state whether such

Privileged Notes may be redeemed prior to their stated maturity at the option
of the Issuer (either in whole or in part) and/or at the option of the
Noteholders, and if so the terms applicable to such redemption.
Redemption by Instalments:
The Final Terms issued in respect of each Tranche that are redeemable in two

(2) or more instalments will set out the dates on which, and the amounts in
which, such Privileged Notes may be redeemed.
Early Redemption:
Except as provided in paragraph "Optional Redemption" above, Privileged
Notes will be redeemable by the Issuer prior to their stated maturity only for
illegality.
No gross-up obligation:
If any law would require that payments of principal, interest and other
revenues in respect of any present or future Privileged Note or any present or
future Receipt or Coupon relating thereto, be subject to withholding or
deduction in respect of any present or future taxes or duties whatsoever, the
Issuer will not be required to pay any additional amounts in respect of any
such withholding or deduction.
Each prospective holder or beneficial owner of Privileged Notes should
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